Cineworld
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| Public company | |
| Traded as | : |
| Industry | Leisure, Entertainment & Refreshments |
| Founded | 1995 |
| Headquarters | London, United Kingdom |
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Key people
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Anthony Bloom (chairman) Moshe "Mooky" Greidinger (Chief Executive) |
| Revenue | £705.8 million (2015) |
| £103.1 million (2015) | |
| £81.3 million (2015) | |
| Subsidiaries | Cineworld Cinemas Cinema City International Picturehouse Cinemas Digital Cinema Media (50%) |
| Website | cineworld |
Cineworld Group plc is the second largest cinema operator in Europe with 2,049 screens across 221 sites in 9 countries. The UK operations consist of arthouse chain Picturehouse Cinemas and multiplex chain Cineworld Cinemas with 24 and 82 cinemas respectively. All but two Cineworld sites are located in the UK, with one each in Ireland and Jersey. Cineworld is the second-largest cinema operator in the UK with over 800 screens, and the owner of the single largest multiplex by screens and customer base in Ireland.Cineworld Glasgow Renfrew Street is the tallest cinema in the world and the busiest, by customer base, in the UK. The Cineworld site with the greatest number of screens is that located at Valley Centertainment in Sheffield, which has 20. It is listed on the and is a constituent of the FTSE 250 Index.
The first Cineworld opened in Stevenage, Hertfordshire in July 1996; the second, in a purpose-built location in Wakefield, Yorkshire, followed in late 1996, with Shrewsbury, Shropshire, following in November 1998. Additional sites were opened at a steady rate throughout the late '90s and early 2000s; in 2005, Cineworld also took over the UK and Ireland operations of French cinema company UGC. (As part of the merger, seven locations were sold to Empire Cinemas, due to UK fair trading law: Birmingham Great Park, Bishop's Stortford, Ealing, Slough, Sunderland, Swindon and Wigan.)
The Blackstone Group invested in Cineworld in 2004 when it was privately owned, and remained the largest shareholder in Cineworld Group PLC until it sold its entire remaining 20% shareholding in November 2010.
Post-merger, Cineworld have continued to open new locations; as of 2015, Cineworld have 82 locations in the UK, Ireland and Jersey and have a number of new locations in the pipeline.
In August 2013, The Guardian revealed that Cineworld employs 80% of its 4,300 staff on zero hour contracts.
In October 2013, The Chester location was closed due to the landowner wanting to develop the land into a supermarket. This has been the first Cineworld to close without being sold and was the first cinema to leave the chain in 8 years.
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Wikipedia